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think you can do all of this and solve the fiscal ills just raising taxes? what -- who is to blame kids if they think, well, i'm okay. i needn't worry. >> neil, i think the problem is deeper than that. the problem is simply this. the young people are going to pay need bills as i just said before, and guess what? they are not voting on head starts. they are not voting on the war in iraq or any of this stuff. who votes in america today, neil? senior citizens do. it's not any kind of mystery why we can't cut programs like medicaid, medicare, and social security that people get the benefits are the ones who vote. that really is a problem. if we want to get people like charlie's generation, their voice heard, they have to get out own vote for policies and protect their own financial interests. neil: but, charlie, you were telling me something interesting last time you were here, in the heart of hearts, young people you talked to are not that optimistic they'll see social security or medicare, are they? >> not really. you asked them -- a classroom i went to, how many of you receive social sec
the white house won't deliver its own budget in time and still wants to raise more taxes. we're about to hear a response from a republican house member. >>> that's not all. fed chief ben bernanke is saying it must raise the debt ceiling and that the fed is going to keep buying bonds for now. on this one-month anniversary of the heinous, awful newtown shootings, the sheriff comes out in favor of banning assault weapons. "the kudlow report" begins right now. >>> first up tonight, president obama slams the republicans. he says no gimmick, no magic coins. just the plain old standoff on the debt ceiling. who is gonna blink first in this? john harwood joins us from washington with the details. good evening. >> good evening. the president used the last news conference of first term to draw an ever-brighter line with congressional republicans on the debt ceiling. they say they want dollar for dollar spending cuts to be matched with an increase in the debt ceiling. the president said i'll negotiate with you, but not over the debt ceiling. he simply is not going to allieu republicans to take th
. it would be progrowth and no more tax hikes by the way. spending and the debt are the top issue of concern for voters. look, these heinous mass murders are not about weapons. question -- why isn't anyone tackling the really tough issue that may be the root causes of these atrocities? such as broken families, such as the absence of fathers who set examples for their sons? such as the loss of faith in our schools? such as our homes and our culture that have lost faith as well. tonight, we are going to talk about the family values breakdown in america. "the kudlow report" begins right now. another key point tonight. for most of the history, america drew at 3.5% per you. the last dozen years however, we have dropped below 2%. and the so-called obama recovery is just a tad above that 2% rate. which should be unacceptable. it is the worst in the post world war ii era. so the question tonight, what's holding back the american economy? here's my quick road map for an economic boom. start off with major cuts in government spending. we should stop paying people not to work. then cut large and small
. >> if you give a mouse a cookie he will probably want a glass of higher taxes that is my theory. we're just seeing a hit to our paychecks because of this year's tax increases. now the president says we need to give him even more. we'll tell you how bad it could get. >>> u.s. gas demand has slipped to the lowest level in years but is it really because of fuel-efficient cars or could it be so many people out there are out of work they can't even afford to pay at the pump? we'll get to the truth behind the numbers. even when they say it is not it is always about money. melissa: all right. here's today market moment. mixed economic data led to a choppy trading session for stocks. the dow rallied for a fifth straight session, closing up 27 points. another day for dell shares. fox business's charlie gasparino, silver lake partners, private equity firm is in advanced talks to buy out the company. facebook unveiled a new search engine called graph search. it hopes to revolutionize how users find thinks on facebook. for example, a guy could ask who among my friends doesn't have a girlfriend, lives i
:00 a.m. l melissa: i melissa francis and here's what's "money" tonight. are no state income taxes the next big thing? feels like it. nebraska is the latest to consider ditching them for good. but unlike other recent proposals nebraska governor dave heineman says he is not going to raise other taxes to make up for it. hmmm. he will join us to explain just how that could possibly work coming up. >>> plus, an offer from the islamic militants holding two americans hostage in algeria. they will release them in exchange for two convicted terrorists currently in u.s. prisons. could attacks like this against oil and gas facilities become a new tactic in the war against terror? we'll hear from today's power panel. >>> we're shelling out big bucks for purell, flu shots, respiratory masks, tamiflu like there is no tomorrow and people are still getting sick in record numbers. drug companies may be profiting. are we just wasting our money? we'll get to the bottom line. even when they say it's not it is always about money. melissa: all right. first today's market moment. a slate of strong corpo
's at the top of the hour, you do not want to miss it. now to taxes and what we're calling many state by state tax revolt. five states are looking to eliminate state income taxes for people and corporations, they are louisiana, kansas, north carolina, oklahoma, and nebraska. if you wouldn't know it, the governor of nebraska, david henman is here and he's going to explain. thanks for joining us this morning. all of a sudden, did these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over
, a big hoax, you'll hear the wild story next. and payroll taxes going up across the board, but a governor has a plan to eliminate his state income taxes, is he the governor of your state? he's hear. did you hear what former president bill clinton said about his wife, secretary of state hillary clinton? you're going to be surprised and hear from president clinton himself coming up. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. [ male announcer ] marie callender's puts everything you've grown to love about sunday dinn into each of her pot pies. tender white meat chicken and vegetables in a crust made from scratch. marie callender's. it's time to savor. [ male announcer ] finally mom's oven baked taste... straight from the microwave. lik
football stair is at the center of a hoax, a big hoax, you'll hear the wild story next. and payroll taxes going up across the board, but a governor has a plan to eliminate his state income taxes, is he the governor of your state? he's hear. did you hear what former president bill clinton said about his wife, secretary of about his wife, secretary of state hilililililil [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the rd like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanes
, of course, in the middle east. but up first, the biggie, taxes. here's christine romans. >> reporter: the challenge, tax reform. for the first time in 20 years, taxes are going up for the rich. they'll pay a higher top marginal income tax rate, higher taxes on dividends and capital gains and a higher estate tax rate, but it could have been worse. >> i think that the wealthy got off pretty easily here. there's a modest tax increase for the very wealthiest in the society, very tiny percentage. i frankly think that there are more taxes coming and they will bite deeper into the middle-class. >> reporter: in fact, two-thirds of americans will pay higher taxes in 2013. the tax fight for the middle-class comes from the end of the payroll tax cut, a temporary tax break that wasn't renewed in the fiscal cliff deal. >> the irs tax code is still a nightmare. it's too complex. too costly, and too unfair. >> reporter: both sides say they're open to simplifying the tax code. more than 70,000 pages in 2012. the u.s. government gives away more than a trillion dollars a year in tax breaks, but republ
will you join me in my thinking our panelists. [applause] representative live in discusses tax policy and deficit reduction. he spoke at the briefing today hosted by the christian science monitor for an hour. >> thanks for coming. i'm dave cook from the monitor. welcome to the first breakfast of the new year. the guest is representative sander levin of michigan cranking member of the house ways and means committee. this is the first visit of the group. he did for deily to detroit native and the university of chicago, master's and international relations of columbia and a law degree from harvard who was elected in the michigan state senate in 1964 and served as a senate minority leader during the carter administration he was assistant administrator of the agency for international development elected to the house in 1982. for four years after his brother carl was elected to the senate. in march, 2010, representative levin one the gavel of the chairman of the ways and means committee. in the biographical portion of the program now on to the thrilling portion. as always we are on the reco
taxes as the most important issues facing american small businesses and that's double the response for any other issue. the next two were government and relagz. in other news, walmart will announce a plan to hire every veteran that applies for a job. the only requirement? the vets need to have retired from the military within the last year. >>> the house will begin to debate on a $51 billion plan for superstorm sandy victims. more than 90 amendments will be filed by friday. earlier this month, lawmakers approved $9.7 billion to help pay flood insurance claims from the storm. the senate is expected to pick up whatever legislation the house approves, but things are getting testy at this point. you are talking about over 75 days i believe at some point since the storm actually came through. governor chris christie of new jersey has been making harsh comments about how you will not expect in the past of seeing any of the representatives from this area of the country who were voting down bill toes help aide flood and victims in iowa. he doesn't want to see breaking down into you scratch
it comes. a carbon tax. the president says we must recognize the climate danger, forest fires, powerful storms, they're signs that climate change is real, it hurts and it must do something about it. here it comes, a carbon tax. if the president doesn't get a tax through congress, he will issue executive orders, other way you'll pay more in energy taxes or energy prices. in his inaugural address he spent more time on climate change than any other single issue. environmentalists ecstatic, the foreign media client. and the world's great minds will call for a 14 trillion dollar global greening. this is tuesday, january the 22nd, the day after the most liberal, all-government, all the time inauguration speech in memory. "varney & company" is about to begin. you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. [
come, everybody, i'm neil cavuto. i guess the cliff deal was the first clue. 0 times more tax hikes than spending cuts. could explain the president comment to john boehner that we don't have a spending problem. black caucus said we don't have entitlement problem. leave entitlements alone. nancy pelosi says we still have a revenue problem. don't leave the tax hikes alone. what is amazing these guys don't address a problem. this weekend we get ready to essentially coronate a president, there is no evidence anywhere among anyone in washington they even see a problem. nowhere in any of the inaugural events is so much as passing bought of spending period. more like a four-day spending palooza, celebrates wonder of government and those that benefit from the government the woman who has a job thanks to the auto rescue. the dad's whose family is protecting thanks to the health care law. i think you get the point. austerity isn't the point. more government is. this inaugural weekend is all about a blueprint for revving it up. the white house says it is low-keying the inaugural festivities be
contra costa. >> county fire officials say the defeat of a parcel tax last november leaves them no option. >> in oakland, police overwhelmed by a wave of gang killings. today the chief told us what he needs to turn the tide. and in marin county, a first=ever gun buyback program runs into an unexpected hitch. (male announcer) this is the bay area news station, kron 4 news starts now.empty fire stations in >> pam: empty fire stations contra costa county tonight. with not enough money in the budget - four fire-houses are now shut down. good evening, i'm pam moore. tonight - j-r stone is live where community members are expressing their concern. but, first grant lodes is standing by at the big board. to show us which areas are affected. grant? >> four stations close today in contra costa county. in martinez - station 12 on shell avenue. in lafayette - station 16 on los arabis avenue. walnut creek loses station 4 on hawthorne drive. and in clayton, station 11 on center avenue. kron four's j-r stone is live tonight in >> there is a community meeting that begins at 6:00 p.m. directly b
case or hurt his cause? we will get reaction. dagen: and intimate the state income tax. one governor laid out his case, and wayne rogers likes the idea. top of the hour, nicole petallides is covering it for you o on the floor of the new yk stock exchange. nicole: the market is likely to the downside. the trend has been the major market averages are not too far off the unchanged line. see the dog over the unchanged line 50 times in one day is not unusual to see that, however the trend had been to the upside looking like nine trading weeks we have seen the s&p 500 now hovering around the five year highs. dow jones industrials as well and the nasdaq composite as well. intel weighing on the major averages, you can see down 6.25%. if you took out intel out of the dow, the dow would be flat right now. they came up with profits that were disappointing, weak outlook. not good news for intel weighing on the major averages, but technology in general. back to you. dagen: forget about washington. our next guest says stop talking about it, investors should be focused on making money in the econom
of state services like health and welfare, a limit on property taxes, plus republican legislators' refusal to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like clock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.
because he's not going to do that. asking barack obama to not be a big spending high taxing liberal liberal, this is what we'll do we'll pass a year-long continuing resolution or national security, we'll pass a very short term continuing resolution for the department of labor, the department of housing and urban development, the department of the interior. there are dozens of places you can dramatically change spending without having to get involved in general crisis over the u.s. debt. >> mr. speaker i want to get your take on gun control, because as you know vice president biden is going to be delivering some 19 different recommendations to the president. also there is some controversy over the fact that the nra released a new itunes app that offers shooting practice and can be for children ages 4 years old plus. what do you think about that? >> we're having the discussions about gun control, over 500 people were killed in chicago last year the president's hometown. vice president biden doesn't want to go there, i'm trying to get the house to hold hearings
on your debt. well we have 2 1/2 trillion dollars coming into the treasury every year in tax revenue. we can use that tax revenue to pay the interest on our debt. therefore, we will not default. all this talk about being a deadbeat nation, that belies the fact that we have never, and will never default on our obligations. the obligation being to pay the interest on the debt. we're not a deadbeat nation and we're not going to default, period. yes. period. martha: comes down to the big question whether or not you will cut spending in order to not default on your debt. and that brings us to a larger question or one of the larger questions, which is whether or not we will be downgraded if we don't become more responsible with our spending? >> interesting you should raise that issue, martha, because 45 minutes ago, fitch, the ratings agency said, if we have another delay in raising this debt ceilingsing, if we have this political standoff again just like we had in 2011, fitch says we may be downgraded. his name is david reilly. he is managing director at fitch and he said if it is just like 2
give a tax credit to any one who would turn in what lawmakers are calling an assault weapon and also another measure aimed at creating the overall bigger picture of mass violence. >> at the news conference the president accused republicans of trying to collect a ransom in exchange for not crashing the u.s. economy. they are demanding more spending cuts before they agree to raise the nation's debt ceiling. the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really mig
in an unprecedented move he is reportedly turning his releblgs campaign into a tax exempt group to push his second term agenda. chief washington correspondent james rosen joins us live on this. >> for obama campaign staff and supporters will be gathered in washington this coming sunday. it will be a reunion of sorts. but also they will witness the launch of this new group at an event dubbed the obama legacy conference. according to a report on the web site poll lit co the pro obama organization will be a 501 c 3 a nonprofit for the legislative battle. it will be over debt, deficit, gun control immigration reform leading the organization will be jim macina who will take over the cash of 5.3 million and use it for discreet coalition of the policy battles. it is the most sophisticated in modern times in the use of multi targeting data. vice president giend who hazel lewded to a presidential run of his own spoke about a grass-roots approach in his announcement yesterday as conference as mayor. >> we are going to take this fight to the halls of congress. we are going to take it beyond that. we are goin
-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> if you've ever stepped in poop you know how gross it is when people don't clean up after their dogs. well, one apartment complex in plano, texas, requiring dog owners to submit a dna sample. if there's poop around the complex, they do dna tests and the culprit has to pay a $250 fine. >> that's technology working to better mankind. >> i thought it was over the top, but they took it to a new level. >> good to have you. >> "america live" is now. >> a fox news alert on the showdown over the debt ceiling. house republicans shifting gears allowing new plans to allow the government to keep borrowing money for several more months preventing a first default on u.s. obligations that could come a week from today. there's a catch. welcome to "america live," i'm in for megyn kelly today. the legislation would require lawmakers to pass a budget and if they don't, they don
, calling for new revenues and 30% believe tax hikes are needed now and support for the president's position there ended. stuart: excellent, well, not excellent, but thanks for the informati information. [laughter] >> thanks for the information, scott rasmussen, good stuff. time for the gold report, where are we this morning? the dow is down 30. we see gold up 9 bucks, 1679 is where we are for gold. lance armstrong comes clean and he says he wants to compete again and he might rat out others to do it? whoa. sandra smith, brian, they're here, will they forgive, forget, and give him a second chance? i would not, but would they? that's next. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ if it makes you happy, it can't be that bad ♪ >> and that's-- well, lance armstrong admit today what many people speculated for many years, he lied and cheated. the seven time tour de france winner, stripped
and three quarters percent on everything, including installation. you can't get taxed on labor, right? >> you can in this instance. had they built the shed at the factory and ship shipped it, you would have paid for the putting together of the shed. they say if you're building a tangible product, it can be taxed and this is a tangible product. >> dana c says i came back from a trip to walmart. the checker refused to put items in the cloth bag, none of the items were grocery related saying if you do not buy paper or reusable bag, they'll no longer bag your it yinls. >> so if they don't get their dime, that isn't true. we got this early enough this afternoon and gave walmart a call saying what sup with that? they said look. they were wrong. they're retraining everybody. different cities and counties are doing away with bags. they think it's just miscommunication. the checker was mistaken. >> also, i've heard people showing up with plastic bags from homes in sthaiz don't allow plastic bags. they've been told they can't use those. >> that is not true. it's a reusable item. no they just ha
as it comes with curbing loopholes and tax reductions for wealthier individuals. congress should just do it. back to you. connell: let's bring in dylan glenn. former advisor to george w bush. rich said that republicans have reasons for not having this meeting today. the president is standing back and think i am not negotiating on this and the republicans are all over the map. >> i do not think that this is a big deal. i do not see that as a big issue. what is coming out of this weekend retreat is far more important. connell: i would like to be a fly on the wall for that. >> also what is important is to remember how we got here. he has run trillion dollar deficits for the past four years of his administration. you have to pass a budget in the united states senate. he will be doing his sort of constitution getting a budget up to the congress. this is a challenge. we have to have a clear look at how we can reduce spending in this country. connell: whenever the limit is actually reached and it is not raised. then you start to play the political blame game. pay some bills and not others. though
to the american people. >> and those trends and benefits are tax they are subsidized with all of us. you are fine with the private sector having commuting cost but signaling out federal workers for the transit part. federal workers get way more benefits and transit is a minor, minor incident of what they are getting. my company makes the decision and not the congress and people that are ben fitting it without me. >> one second. did fox give everybody a subsidy to come to work today and did they pay for your transportation? >> no. >> exactly, they didn't pay for it. >> it was a long walk, everybody. john, going back to one example of what we are dealing with, in regard toz debt and washington and they would not vote on the idea to potentially cut the mass transit subsidy for federal workers. but they are not wanting to cut anything. they have a pet project in dc right now. >> what happened to wayne, johnathon interrupted him and diverted his attention and he ran in a tree, that's what happened. this is typical of congress. they talk about simpson-bowls and they are not doing any of it. they refuse
nothing to do with our inability to govern our own spending and taxes. but anytime one tries to hold it, that is when it is wrong. whatever you want to call it, when you have a moral and constitutional obligation you shouldn't mix it up with things you want to do politically. i come back to you, there is the see quester that was done in late 2011. and on top of that, we have to have a continuing resolution to let the government run. my suggestion is that you give yourself time to get that done. >> maybe we can rise beyond some of our constituentsys which are screaming in our ears don't compromise. >> maybe you can change the order that these fall. if you want to line up where you are spendingwise. but i have to disagree with my buddy charlie and i think the moral obligation here and the way that you keep us from being downgraded how do we tell the markets that we are doing something to tell the debt curve what it is about to do to the country. >> if it looks like you are trying to parcel out, there are 80 million payment accounts in the american government and you are rying to give out
a smaller. that is because the payroll tax holiday is over as part of the economic stimulus plan. all americans sought a 2 percent cut in their social security payroll tax was dropped from 6.2 down to 4.2%. that tax cut was not renewed by congress of the tax credit back to where it was in 2010 so expected to 82% last in your take-home pay. >> we have some changes in the forecast here is erica. >> that is right it will get warmer as we transition into the weekend. we really does have to get through this morning because it is a cold start. it will be warmer this after no but let's look at some of the cold spots and the bay area. this entire list includes temperatures in the '20s. about zero is 27 degrees, 28 for vallejo in fairfield. concord 29 and to address will continue to drop because these are not even your morning lows. around sunrise are around 730 this morning freeze warning and frost advisory are in effect from the national weather service. i don't think eyes as much of a factor today because the air is so dry. there's no moisture to talk about. it will be a cold one but i do n
. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and your employees. >> every dollar we pay in taxes is a dollar that we can't give back to the customers in lower prices, a dollar we can't pay to our team members and higher wages and benefits. it's a dollar that we can't give back to the suppliers with lower prices. it's a dollar that we can't donate fill v-- fi -- and you need to hear this next, but the headlines are screaming scandal. a new cheater joining the ranks of tiger woods, arnold schwarzenegger and kristin stewart. who is it? well, that's coming up. and in two minutes, a 16-year-old is drunk driving and a mother finds a public way to punish him. is she teaching him a good lesson or going too far? you se
clinton's second term, he made significant progress on balanced budgets and ronald reagan accomplished tax reforms. >> even if they're dealing with other problems. >> and we have been fortunate to be scandal-free and we want to continue that, but if you look, it's not like we're roaming around the west wing looking for things to do. right now in front of congress and the country you have the need to reduce the deficit and continue to grow the economy, energy and climate change, immigration, gun safety. things are stacked up. and so i think that that is going to provide the sort of focus and energy you need and i think his intention is to run through the tape all the way through. >> gun safety has jumped to the top of the president's agenda since newtown and this week the president promised that the weight of his office behind these proposals, but we're already seeing a lot of resistance from democrats and i want to show some of the reaction this week. senator max baucus "before passing new laws we need a thoughtful debate that respects responsible law abiding gun owners in montana instead
not want to do it. he actually does want to negotiate on spending and tax reform. what he does not want to do is have that take place when the republican position on the debt takes the economy hostage. that is off the table. i think the president is smart to be firm and clear on that. next time it would be democrats if we had a republican president. ashley: would you agree, i know it is out of your area, but the senate has not passed a budget in four years now. would you agree with republicans that it is not the way to go and i could, in fact, be breaking the law without i do agree with them. we actually have not passed the budget. i am with them on this concern about our inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if
Search Results 0 to 49 of about 319 (some duplicates have been removed)